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AMP Solar FDI proposal rejected by Government

Inter-ministerial body FIPB today approved six investment proposals, including that of Sanofi Synthelabo India, Star Den Media Services and Idea Cellular Infrastructure Services, envisaging foreign investment of Rs 1,200 crore.

“Six out of 17 FDI proposals got the approval,” sources said.

The Foreign Investment Promotion Board (FIPB), headed by Economic Affairs Secretary Shaktikanta Das, rejected three proposals, including that of AMP Solar India Pvt Ltd.

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